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Ontario Supporting Industrial Expansion in Niagara

ASW Steel Inc. Expands Operations and Creates Jobs

Ontario’s Industrial Electricity Incentive (IEI) program has made it possible for ASW Steel Inc. to expand its operations and create 45 new jobs.

 

Ontario’s strong supply of electricity and the IEI program together support the expansion of industrial companies. The IEI program allows Ontario to better manage its electricity system by encouraging industrial companies to maximize the use of available electricity supply. The program spurs industrial growth and production by offering a lower price for additional electricity they use.

 

Helping industrial companies expand and create jobs is part of the government's economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths - its people and strategic partnerships.

 

QUICK FACTS

  • More than 350 jobs in Ontario’s mining, steel and pulp and paper sectors are expected to result from projects recently selected for participation in the IEI program.
  • The IEI program was introduced in 2012 to improve load management, foster job creation, and better utilize Ontario’s strong supply of electricity.
  • Since 2003, Ontario has added approximately 12,000 megawatts of new and refurbished clean energy online – enough to power both the Greater Toronto Area and the City of Ottawa.
  • Ontario offers industrial electricity rate mitigation programs such as the Industrial Conservation Initiative is available to over 200 of Ontario's largest energy consumers and provides a strong incentive for industrial companies to shift their electricity consumption to off-peak hours to save on costs.

 

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